Content services provider Hyland announced in a company press release today that it has acquired Berlin, Germany-based robotic process automation (RPA) provider Another Monday.
The addition of a feature-rich, end-to-end RPA software solution, which is highly configurable, will aim to extend Hyland’s process automation capabilities and strengthen its content services product portfolio to add value to its customers.
Bill Priemer, president and CEO of Hyland commented on what the RPA capabilities will bring to its customers by saying: “Adding RPA to Hyland’s content services platform extends and augments our low-code process automation offerings, enabling a next level of digital transformation to all of our customers.”
RPA has become a hot topic with companies adopting the technology at an increasing rate due to its potential to increase a businesses efficiency while reducing the costs which is achieved through automating a businesses system processes.
Deloitte highlighted in its third annual RPA survey that payback from implementing RPA technology into a company is expected to be within 12 months with an average of 20% for a full-time equivalent to capacity provided by robots.
Zycus has recently launched AI-driven automation bots to reduce accounts payable costs by up to 50% through RPA capabilities while Alteryx has partnered with enterprise RPA provider UiPath to accelerate digital transformation initiatives.
The content services provider wrote that Another Monday’s four complementary software products will enable its customers to augment existing process automation solutions with innovative RPA functionality.
The aim for the RPA technology is to become an integral component of Hyland’s intelligent automation strategy and become a natural fit for its customer base which the company plans to support with broad, dynamic use cases across the industries and regions that Hyland currently serves.
Hans Martens, CEO of Another Monday commented on how he visions the company to integrate with Hyland by saying: “The RPA market is an exciting and challenging space with rapid growth and a vast number of possible applications that organisations can easily combine and integrate for better and more flexible business processes support. We see Hyland as the best fit to embed our RPA technology into their powerful automation platform, to truly implement easy, end-to-end automation for everyone.”
Another Monday was positioned as a Visionary by Gartner in the Magic Quadrant for Robotic Process Automation Software in 2019 giving an indication that some tasty service and product innovation could lie ahead for Hyland with the onboarding of the specialist RPA provider.
The content services provider explained in its press release that now, more than ever, organisations across the world are facing an imperative to leverage automation tools to address business challenges as part of accelerated digital transformation initiatives.
There are examples that add proof to this claim with ING onboarding Expert System’s AI-based automation to improve business processes and accelerate the application of RPA to a broader-range of knowledge-based products that the company offers.
Priemer added that the Hyland team is looking forward to welcoming Another Monday’s team, partners, and customers by saying: “We look forward to getting to know our Another Monday colleagues, welcoming our new customers and partners to the Hyland community and incorporating this powerful technology into our existing solutions.”
Hyland noted that the company will continue to support Another Monday’s current solutions and customers as it integrates the technology into existing platform offerings that are currently offered by the content services provider.
